The PhD Project's mission to diversify the work force by increasing the diversity of business school faculty is quite admirable, but is the Project successful? To gather insights toward responding to that question and to offer suggestions, we reviewed three of the Project's objectives that relate most closely to minority doctoral students and faculty members. We examined the Project's website, held discussions with Project staff members, and surveyed Project alumni. Among the myriad of PhD Project activities, the most important are its annual November conference for potential doctoral students and its annual minority doctoral student association meetings for each of five academic disciplines (accounting, finance, information systems, management and marketing). The annual conference attracts between 350 and 400 individuals from which about 10% enroll in doctoral programs each year. The doctoral student associations have over 1,400 members of which some 400 are current doctoral students and the others are faculty members. The Project is making significant progress toward accomplishing its mission and objectives. Areas where the Project could improve its accomplishments include identifying why those who have considered enrollment have not done so, placing greater emphasis on teaching and service at minority doctoral student association conferences, and strengthening mentoring relationships.